Global ultra-wealthy population to rise 22% in 5 years, they invest in CRE
The global UHNWI (Ultra-high net-worth individuals,those with $30m+ or more in net assets) population is expected to increase by 22 percent in the coming...
Deka acquires Google-anchored office campus in Seattle for $802m
German investment firm Deka Immobilien has acquired the Google-anchored Lakefront Blocks in Seattle's South Lake Union neighborhood from Newmark and Vulcan Real Estate for $802 million.
The...
QuadReal promotes Jameson Weber to Managing Director, Americas
QuadReal Property Group, a global real estate company headquartered in Vancouver, British Columbia, has appointed Jameson Weber as Managing Director, International Real Estate, Americas.
Jameson...
Allianz Real Estate acquires 49% interest in U.S industrial portfolio
Crow Holdings has formed a joint venture with Allianz Real Estate through the direct sale of a 49% stake in a 19-asset, 6.1 million-square-foot...
Lendlease forms S$1bn partnership with Dutch pension fund PGGM
Australian real estate group Lendlease said Monday that it has entered into an agreement with Dutch pension fund manager PGGM to establish the Lendlease...
ARA increases its strategic stake in Japan’s Kenedix
ARA Asset Management Limited (ARA) has increased its strategic stake in Kenedix, Inc. to 30%, up from 20.27% previously.
ARA had earlier supported the privatisation...
Michelin-leased distribution facility in Chicago sells for $135m
Bahrain-based investment firm GFH Financial Group has acquired a distribution facility in Chicago, Illinois for US$135 million.
The real estate asset has been leased since...
Amazon to open fulfillment center in Deltona, Florida
Amazon plans to open a fulfillment center in Deltona, Florida. The new facility will create 500 new full-time jobs in the region.
“We’re excited to continue...
Prologis completes $4bn acquisition of IPT
Prologis, Inc. has completed the acquisition of the wholly owned real estate assets of Industrial Property Trust Inc. (IPT) for approximately $4 billion in cash, including...
CBS Building in Midtown Manhattan sells for $760m
Harbor Group International (HGI) said Monday it has agreed to acquire 51 West 52nd Street, popularly known as the CBS Building or Black Rock, a...
Global prime office rents up modestly, net effective costs surge in low-occupancy regions
Prime office rents in major global cities have witnessed a modest rise of 1.1% year-over-year (YoY) as of Q1 2024, according to Savills' latest...
SoftBank Group announces end of WeWork tender offer because closing conditions not met
SoftBank Group Corp. (SoftBank) today announced that, in accordance with the terms of its October 2019 Master Transaction Agreement (MTA) with The We Company...
